Help Guide to Bond Loans and Leasing Grants

Once you have used

You can check the status of your online application using your online application reference number (which starts with BLW) and your date of birth if you’ve submitted an online application for a Bond Loan or Rental Grant.

After Bond Loan items are authorized

Bond Loan

If the Bond Loan is authorized, we shall give you:

Often we deliver the relationship lodgement type (Form 2C) straight to your landlord/agent to signal and lodge the proper execution using the RTA as quickly as possible.

Spending the relationship

Once you transfer to your property, your landlord/agent must lodge a bond lodgement form (Form 2C for basic tenancies) utilizing the Residential Tenancies Authority (RTA) to verify your tenancy has started.

After the RTA processes the shape, we transfer funds for the relationship loan towards the RTA through the term of one’s tenancy

Pre-approved Bond Loan

If the Bond that is pre-approved Loan approved, we shall deliver you:

  • an approval page
  • a house details kind.

You can show the approval letter to your potential landlord/agent to prove you have the funds for your bond if you find a property with a weekly rent no higher than the maximum weekly rent amount on your pre-approval letter.

When you’ve been authorized to lease home, pose a question to your landlord/agent to accomplish the house details form mounted on your approval page and return the proper execution to us.

We assess your application and contact you with all the result.

Whenever we determine that you’re entitled to a Bond Loan, we deliver you the mortgage documents to sign and go back to us. We approve your Bond Loan after we receive this.

We deliver you an approval letter and bond lodgement kind, which your landlord/agent has to lodge utilizing the RTA.

Bond Loan Plus

In the event the Bond Loan Plus application is approved, your landlord/agent must lodge a relationship lodgement type aided by the RTA.

Whenever this form is received by the RTA, we:

  • send the leasing relationship quantity to the RTA
  • spend the 2 weeks lease into the landlord/agent’s banking account.

Following A grant that is rental is

When your Grant that is rental is, we send you:

  • an approval page
  • a verification of tenancy kind, that you simply need certainly to give your landlord/agent.

When they get back the verification of tenancy type to us, we spend the leasing grant right to your landlord/agent by EFT/bank transfer.

Often we result in the repayment by cheque. In cases like this, we find out the cheque to your landlord/agent and deliver it straight for them.